Qatar: QP buys into Mozambique fields

Qatar Petroleum (QP) has signed a deal with an ExxonMobil affiliate to acquire a 10% interest in three offshore exploration blocks in Mozambique’s Angoche and Zambezi basins.. Assuming the deal goes through, QP will join other shareholders including operator ExxonMobil, which has a 50% stake, the state Empresa Nacional de Hidrocarbonetos (20%) and Russian energy firm Rosneft (20%).